2021-04-29T15:42:22-05:00 2020-06-30 953001179 WINDES INC PO BOX 87 LONG BEACH CA 908010087 990 2019-07-01 956070198 LONG BEACH ROTARY SCHOLARSHIP FOUNDATION LONG 5629994718 400 OCEANGATE NO 470 LONG BEACH CA 90802 ROBERT STEUBER CFO 5629994718 2021-04-22 1 DONITA M JOSEPH P00286656 5624351191 2021-04-13 2019 2022-09-23 18:48:47Z LETTY TOTAH 400 OCEANGATE NO 470 LONG BEACH CA 90802 1299795 0 X WWW.LBRSF.ORG X 1963 CA PROVIDE SCHOLARSHIP AWARDS TO COLLEGE STUDENTS. 19 18 0 20 0 0 134780 101868 0 0 355738 527240 142505 138401 633023 767509 320050 330050 0 0 41635 49770 0 0 0 89552 87810 451237 467630 181786 299879 9904874 10157138 13822 14463 9891052 10142675 TO PROVIDE FINANCIAL ASSISTANCE FOR ACHIEVING STUDENTS WHO MEET ELIGIBILITY REQUIREMENTS AND ATTEND LONG BEACH CITY COLLEGE OR CALIFORNIA STATE UNIVERSITY LONG BEACH. 0 0 330050 330050 THE FOUNDATION PROVIDES FUNDS FOR SCHOLARSHIPS AND GRANTS-IN-AID TO STUDENTS ENROLLED IN A COURSE OF EDUCATION AT CALIFORNIA STATE UNIVERSITY, LONG BEACH AND LONG BEACH CITY COLLEGE. 330050 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 19 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 0 0 CA X MADRID ZIMMERMAN 5629994718 400 OCEANGATE NO 470 LONG BEACH CA 90802 CRAIG CROSS CHAIR 2.00 X X 0 0 0 LARRY JACKSON VICE CHAIR 2.00 X X 0 0 0 ROBERT STEUBER CFO 2.00 X X 0 0 0 MARK CURTIS SECRETARY 2.00 X X 0 0 0 FRANK NEWELL PAST CHAIR 2.00 X X 0 0 0 CRAIG DOUGHERTY PAST CHAIR 2.00 X 0 0 0 JANE NETHERTON PAST CHAIR 2.00 X 0 0 0 VIRGINIA BAXTER BOARD MEMBER 2.00 X 0 0 0 DON COCHRAN BOARD MEMBER 2.00 X X 0 0 0 MARCELLE EPLEY BOARD MEMBER 2.00 X 0 0 0 LANCE KENYON BOARD MEMBER 2.00 X 0 0 0 CAM KILLINGSWORTH BOARD MEMBER 2.00 X 0 0 0 ROBERT LUSKIN BOARD MEMBER 2.00 X 0 0 0 JAMES MILLS-WINKLER BOARD MEMBER 2.00 X 0 0 0 MARK SCHNEIDER BOARD MEMBER 2.00 X 0 0 0 JEAN SMITH BOARD MEMBER 2.00 X 0 0 0 JEFF WIMBISH BOARD MEMBER 2.00 X 0 0 0 SCOTT APEL BOARD MEMBER/CSULB REPRESENTATIVE 2.00 X 0 0 0 MARCIA PARKER BOARD MEMBER/LBCC REPRESENTATIVE 2.00 X 0 0 0 SILVIA L TOTAH EXECUTIVE DIRECTOR 15.00 X 40410 0 0 40410 0 0 0 0 0 0 0 101868 8636 101868 260758 260758 187425 49024 138401 138401 138401 749744 483262 266482 266482 266482 767509 0 0 665641 330050 330050 49770 49770 19875 19875 47483 47483 964 964 2849 2849 323 323 7266 7266 EVENT EXPENSE 6029 6029 FOREIGN TAXES 1329 1329 LICENSE AND FILING FEES 954 954 BANK CHARGES 738 738 467630 330050 137580 0 15619 6980 418787 394450 15583 31595 1142108 721548 411185 420560 9043700 9303553 9904874 10157138 142 783 13680 13680 13822 14463 X 9561525 9773075 329527 369600 9891052 10142675 9904874 10157138 299879 -48256 0 X 0 1 X 1 0 X X 2 CSULB 49ER FOUNDATION 452163910 6 1 217000 0 LONG BEACH CITY COLLEGE FOUNDATION 953297459 6 1 113050 0 2 330050 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 X 1 1 PART IV, SECTION E, LINE 2A: THE LONG BEACH ROTARY SCHOLARSHIP FOUNDATION PROVIDES FUNDS FOR SCHOLARSHIPS AND GRANTS-IN-AID TO STUDENTS ENROLLED IN A COURSE OF EDUCATION AT CALIFORNIA STATE UNIVERSITY, LONG BEACH AND LONG BEACH CITY COLLEGE. THESE GRANTS-IN-AID QUALIFY AS PAYMENTS THAT DIRECTLY FURTHER THE EXEMPT PURPOSE OF BOTH CSULB 49ER FOUNDATION AND LONG BEACH CITY COLLEGE FOUNDATION UNDER REGULATIONS SECTION 1.509(A)-4(I)(4)(II)(D). THE FOUNDATION IS ABLE TO MONITOR THE USE OF STUDENTS' GRANTS IN TWO WAYS. 1. AT BOTH CAL STATE LONG BEACH AND LONG BEACH CITY COLLEGE, STUDENTS ARE NOT GIVEN THEIR GRANT DISBURSEMENT UNTIL AFTER THE SCHOOL'S CENSUS DATE (I.E. DROP DATE). THIS ENSURES THAT GRANTEES ARE FULFILLING THEIR OBLIGATIONS THAT NEED TO BE SATISFIED IN ORDER TO RECEIVE THE SCHOLARSHIPS. 2. AT CAL STATE LONG BEACH, THE GRANT IS DEPOSITED DIRECTLY INTO THE STUDENT'S SCHOOL ACCOUNT ENSURING THE MONEY IS USED FOR ITS INTENDED PURPOSE. AT LONG BEACH CITY COLLEGE, ONCE STUDENTS MEET THEIR ELIGIBILITY REQUIREMENTS, THEIR DISBURSEMENTS ARE CREDITED TO THEIR STUDENT DEBIT CARD TO BE USED FOR SCHOOL-RELATED EXPENSES ON CAMPUS (I.E. TUITION, FEES, BOOKS AND MATERIALS). ELIGIBILITY REQUIREMENTS FOR STUDENTS AT BOTH SCHOOLS ARE TO MAINTAIN FULL TIME STATUS WITH A MINIMUM 12 UNITS PER SEMESTER AND A MINIMUM GPA OF 2.0+. BUT FOR LONG BEACH ROTARY SCHOLARSHIP FOUNDATION, THESE SCHOLARSHIP PROGRAMS WOULD BE ENGAGED IN BY ITS SUPPORTED ORGANIZATIONS. THE DIRECTORS OF CSULB 49ER FOUNDATION AND LONG BEACH CITY COLLEGE FOUNDATION MAINTAIN A CLOSE AND CONTINUOUS RELATIONSHIP WITH THE FOUNDATION. THE PRESIDENT OF CSULB AND LONG BEACH CITY COLLEGE SIT ON THE BOARD OF EACH SUPPORTED ORGANIZATION AND APPOINT DIRECTORS ON LONG BEACH ROTARY SCHOLARSHIP FOUNDATION'S BOARD. BECAUSE OF THIS RELATIONSHIP, THESE DIRECTORS HAVE A SIGNIFICANT VOICE IN EACH ORGANIZATION'S TIMING OF GRANTS, SELECTION OF GRANT RECIPIENTS, AND MANNER OF MAKING GRANTS. ALL OF THE FOUNDATION'S ACTIVITIES DURING THE TAX YEAR DIRECTLY FURTHERED THE EXEMPT PURPOSES OF CSULB 49ER FOUNDATION AND LONG BEACH CITY COLLEGE FOUNDATION AS 80% OF THE FOUNDATION'S EXPENSES WERE GRANT EXPENSES. PART IV, SECTION E, LINE 2B: THE MISSION OF THE LONG BEACH ROTARY SCHOLARSHIP FOUNDATION (LBRSF) IS TO PROVIDE THE RESOURCES TO DESERVING STUDENTS WITH AVERAGE AND ABOVE-AVERAGE GRADES SO THAT THEY MAY ATTEND LONG BEACH CITY COLLEGE (LBCC) OR CALIFORNIA STATE UNIVERSITY, LONG BEACH (CSULB). LBCC AND CSULB BOTH ALREADY PROVIDE SCHOLARSHIPS TO STUDENTS AND WOULD CONTINUE TO PROVIDE SCHOLARSHIPS IN THE ABSENCE OF THE LBRSF'S ASSISTANCE. IT IS LBRSF'S GOAL TO ASSIST THOSE STUDENTS WHO MIGHT OTHERWISE NOT QUALIFY FOR A SCHOLARSHIP AND HAVE A DESIRE TO LEARN AND BECOME RESPONSIBLE AND PRODUCTIVE CITIZENS. PART I, LINE 12G FOR TAX YEAR ENDED 6/30/2020, THE ORGANIZATION CORRECTED THE NAME AND EIN FOR EACH SUPPORTED ORGANIZATION. THE ORGANIZATION PROVIDES SCHOLARSHIPS AND GRANTS-IN-AID TO LONG BEACH AREA STUDENTS ENROLLED IN CALIFORNIA STATE UNIVERSITY, LONG BEACH VIA THE CSULB 49ER FOUNDATION, AND LONG BEACH CITY COLLEGE VIA THE LONG BEACH CITY COLLEGE FOUNDATION. SCHEDULE A NOW REPORTS EACH FOUNDATION AS THE SUPPORTED ORGANIZATION AS STATED IN ITS ARTICLES OF INCORPORATION. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 329527 50000 3073 13000 369600 278918 50000 21609 21000 329527 221358 68560 11000 278918 206410 25948 11000 221358 217462 -3552 7500 206410 0.00000 0.00000 1.00000 0 0 251550 251550 887995 718985 169010 2563 2563 0 420560 RENT DEPOSITS 13680 13680 X 671770 -48256 -48256 720026 47483 47483 767509 420147 0 420147 47483 47483 467630 PART V, LINE 4: THE FOUNDATION RECEIVED TEMPORARILY RESTRICTED CONTRIBUTIONS DURING THE YEAR ENDED JUNE 30, 2020 FOR THE COCHRAN FAMILY SCHOLARSHIP FUND TO BENEFIT OUTSTANDING HIGH SCHOOL STUDENTS FROM NORTH AND WEST LONG BEACH, SPECIFICALLY STUDENTS RESIDING IN THE ZIP CODES OF 90805 AND 90810. UNDER THIS SCHOLARSHIP PROGRAM, FUNDS ARE TO BE GIVEN EACH YEAR TO ONE INCOMING FRESHMAN AT LONG BEACH CITY COLLEGE. RECIPIENTS ARE TO BE STUDENTS WHO HAVE OVERCOME CHALLENGES AND WHO ARE A SOURCE OF INSPIRATION THROUGH THEIR ACCOMPLISHMENTS AND SERVICE TO THE COMMUNITY. THE SCHOLARSHIP IS RENEWABLE AS LONG AS THE STUDENT MAINTAINS THE FOUNDATION'S ELIGIBILITY CRITEREIA. AT LEAST 5% OF THE NET ASSET VALUE OF THE FUND IS TO BE USED EACH YEAR TO FUND THESE SCHOLARSHIPS. THE FOUNDATION RECEIVED UNRESTRICTED CONTRIBUTIONS DURING THE YEAR ENDED JUNE 30, 2020 FOR THE DION FAMILY SCHOLARSHIP TO BENEFIT OUTSTANDING HIGH SCHOOL STUDENTS FROM LONG BEACH POLYTECHNIC HIGH SCHOOL (POLY) OR WOODROW WILSON CLASSICAL HIGH SCHOOL (WILSON). UNDER THIS SCHOLARSHIP PROGRAM, FUNDS ARE TO BE GIVEN EACH YEAR TO ONE INCOMING FRESHMAN AT LONG BEACH CITY COLLEGE. THE SCHOLARSHIP IS RENEWABLE AS LONG AS THE STUDENT MAINTAINS THE FOUNDATION'S ELIGIBILITY CRITERIA. AT LEAST 4% OF THE NET ASSET VALUE OF THE FUND IS TO BE USED EACH YEAR TO FUND THESE SCHOLARSHIPS. PART X, LINE 2: THE FOUNDATION RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF TAX POSITIONS, SUCH AS ITS FILING STATUS OF TAX-EXEMPT, ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. THE FOUNDATION IS SUBJECT TO POTENTIAL INCOME TAX AUDITS ON OPEN TAX YEARS BY ANY TAXING JURISDICTION IN WHICH IT OPERATES. THE STATUTE OF LIMITATIONS FOR FEDERAL AND CALIFORNIA PURPOSES IS GENERALLY THREE AND FOUR YEARS, RESPECTIVELY. 1 CALIFORNIA STATE UNIVERSITY, LONG BEACH (CSULB) SCHOLARSHIPS 87 200500 CASH SCHOLARSHIPS FOR MILLENIUM, TRADITIONAL, PRESIDENTIAL AND CENTENNIAL SCHOLARS SLAUGHTER - CALIFORNIA STATE UNIVERSITY, LONG BEACH 1 2500 CASH SCHOLARSHIPS FOR NURSING AND OTHER HEALTH CARE STUDENTS SLAUGHTER - LONG BEACH CITY COLLEGE 6 10000 CASH SCHOLARSHIPS FOR NURSING AND OTHER HEALTH CARE STUDENTS BIXBY SCHOLARSHIPS 1 3000 CASH SCHOLARSHIP TO A STUDENT WHO EXEMPLIFIES THE LEADERSHIP AND COMMUNITY SERVICE OF MARK BIXBY NEWELL - CALIFORNIA STATE UNIVERSITY, LONG BEACH 2 6000 CASH SCHOLARSHIP LONG BEACH CITY COLLEGE (LBCC) SCHOLARSHIPS 84 101050 CASH BOOK GRANTS AND SCHOLARSHIPS NEWELL - LONG BEACH CITY COLLEGE 1 2000 CASH SCHOLARSHIP TEMPLE - CALIFORNIA STATE UNIVERSITY, LONG BEACH 1 5000 CASH SCHOLARSHIP PART I, LINE 2: THE LONG BEACH ROTARY SCHOLARSHIP FOUNDATION IS ABLE TO MONITOR THE USE OF STUDENTS GRANTS IN TWO WAYS. 1. AT BOTH CAL STATE LONG BEACH AND LONG BEACH CITY COLLEGE, STUDENTS ARE NOT GIVEN THEIR GRANT DISBURSEMENT UNTIL AFTER THE SCHOOL'S DROP DATE. THIS ENSURES THAT GRANTEES ARE FULFILLING THEIR OBLIGATION THAT NEED TO BE SATISFIED IN ORDER TO RECEIVE THE SCHOLARSHIPS. 2. AT CAL STATE LONG BEACH, THE GRANT IS DEPOSITED DIRECTLY INTO THE STUDENT'S SCHOOL ACCOUNT ENSURING THE MONEY IS USED FOR ITS INTENDED PURPOSE. AT LONG BEACH CITY COLLEGE, STUDENTS ARE NOT ABLE TO PICK UP THEIR DISBURSEMENTS UNTIL AFTER THEY HAVE PAID FOR THEIR SCHOOL FEES. BECAUSE OF THIS, THE PAYMENT IS A REIMBURSEMENT FOR EDUCATIONAL EXPENSES. PENINSULA CRD INC CRAIG DOUGHERTY IS THE OWNER OF PENINSULA CRD, INC. 187425 ON MARCH 11, 1992, THE BOARD OF DIRECTORS ACCEPTED A DONATION OF AN UNDIVIDED ONE-HALF INTEREST IN IMPROVED INDUSTRIAL PROPERTY LOCATED IN IRVINE, CALIFORNIA FROM THE ALBERT REINGARDT FOUNDATION. THE REMAINING ONE-HALF INTEREST IS OWNED BY THE DOUGHERTY COMPANY, INC., OF WHICH A MEMBER OF THE SCHOLARSHIP FOUNDATION BOARD OF TRUSTEES IS AFFILIATED. THE PROPERTY WAS RECORDED AT ITS FAIR MARKET VALUE AS OF THE DATE OF THE DONATION. UNDER THE DONATION AGREEMENT, THE FOUNDATION IS CREDITED THE MONTHLY INCOME. THE DOUGHERTY CO. SERVES AS THE PROPERTY MANAGER AND INVOICES THE FOUNDATION FOR RENTAL EXPENSES, SUCH AS INSURANCE, MAINTENANCE, ETC.DURING THE TAX YEAR, THE DOUGHERTY CO. REPORTED THAT IT IS DIVIDING ITS BUSINESS INTO SEPARATE CORPORATIONS. THE DOUGHERTY CO. WILL CONTINUE ITS INSURANCE BUSINESS OPERATIONS AND THE NEW CORPORATION, PENINSULA CRD. INC. (WHICH IS SOLELY OWNED BY CRAIG DOUGHERTY), IS TO HOLD THE OWNERSHIP INTEREST IN THE IRVINE RENTAL PROPERTY. 0 FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION RECEIVES A COPY OF THE ORGANIZATION'S FORM 990, AS PREPARED BY WINDES, INC., WHICH IS REVIEWED BY THE EXECUTIVE BOARD PRIOR TO FILING THE DOCUMENT WITH THE IRS. AFTER THE EXECUTIVE BOARD HAS REVIEWED THE FORM AND ANY CHANGES OR UPDATES ARE MADE, THE FINAL COPY OF THE 990 IS ELECTRONICALLY CIRCULATED TO ALL BOARD MEMBERS PRIOR TO FILING THE FORM WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE EXECUTIVE DIRECTOR OF THE ORGANIZATION UPDATES THE CONFLICT OF INTEREST POLICY AND RE-DISTRIBUTES IT TO THE BOARD MEMBERS. BOARD MEMBERS THEN READ AND SIGN THE POLICY. POLICIES ARE THEN COLLECTED FROM THE BOARD MEMBERS AND HELD ON FILE AT THE ROTARY OFFICE. MEMBERS WITH A CONFLICT OF INTEREST WILL NOT BE A MEMBER OF A COMMITTEE IN WHICH THE CONFLICT OF INTEREST IS RELEVANT. FOR INSTANCE, CRAIG DOUGHERTY IS 50% OWNER OF THE INVESTMENT PROPERTY (IN WHICH THE OTHER 50% IS OWNED BY LBRSF). CRAIG IS NOT A MEMBER OF THE INVESTMENT COMMITTEE AND DOES NOT MAKE ANY DECISIONS BASED ON THE PROPERTY ON BEHALF OF THE LBRSF. FORM 990,PART VI, LINE 13: THE ORGANIZATION DOES NOT HAVE ANY EMPLOYEES AND THEREFORE DOES NOT HAVE A WHISTLEBLOWER POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE DIRECTOR IS COMPENSATED AT AN HOURLY RATE THAT IS SET AND VOTED ON BY THE FULL BOARD OF DIRECTORS. ALL COMPENSATION IS SUPPORTED BY DETAILED TIME SHEETS OUTLINING WORK PERFORMED BY THE EXECUTIVE DIRECTOR ON BEHALF OF THE FOUNDATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FORM 990, FORM 1023, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THEY ARE LOCATED AT: LONG BEACH ROTARY SCHOLARSHIP FOUNDATION 400 OCEANGATE, SUITE 470 LONG BEACH, CA 90802